News
HSBC China becomes market maker to trade RMB and Ringgit
HSBC China becomes market maker to trade RMB and Ringgit
Lender also provides ringgit exchange service through its branches in 24 key Chinese cities.
BEA to use RMB bonds proceeds for expansion
Lender not keen on divesting 20% stake of Canadian subsidiary as it profit soared 78%.
Lone Star halts $4bln KEB stake divestment
Paper reported Lone Star decided to suspend sale because of huge price gap with potential buyers.
China Everbright debut day of IPO beats forecasts
Investors' optimism on smaller Chinese banks gave lender share price gain that surpassed AgBank's.
StanChart to beef up services for affluent Asians
Lender to employ 800 staff to woo customers from 18mln rich Asians with $100,000 to invest.
ANZ targets $3.8bln Korea Exchange Bank stake
ANZ wants to acquire 57.27% while MBK is still trying to bid for 51% of KEB.
Fubon Financial plans to expand in China
Xiamen Bank eyes setting up Zhangzhou, Fujian Province, Wenzhou, Zhejiang Province and Shantou, Guangdong Province branches.
KB Financial to shift focus to marketing
88 percent of the back office staff at Kookmin Bank to be reassigned to marketing tasks.
DBS and PayPal enhance global online shopping experience
Collaboration enables DBS/POSB customers to replenish PayPal accounts for online shopping without credit card.
BPI readies $220mln for possible acquisitions
Lender on a lookout for a potential buy as part of its 5-year growth plan.
China Everbright tags IPO at $US0.46 per share
Lender’s IPO success may encourage rival banks to follow suit.
Krung Thai mulls Nok Airlines stake sale
Lender to review Nok's competitiveness and financial soundness before it would divest its 10% stake.
Hong Leong Bank concludes sub debt issuance
Sub debt, whose proceeds to be used for lender's working capital, was 8 times oversubscribed.
New RMB loans reach $73.82bln in July
Growth of loans in small and medium banks and city commercial banks faster than large lenders'.
Regulator to consult market on NAB's AXA bid
NAB hopes to ease the concerns of the regulator through its revised offer.
SBI Capital to release $21.68mln SME fund
Fund to rope in private equity investment in SME's by providing them critical capital for growth.
Major Philippine banks may seek expansion through acquisitions
Takeover of smaller banks could take place as banks go for competitive edge.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
